Quarterly Letters To Clients

2nd Quarter 2019

The first half of 2019 finished with the U.S. stock market at near record levels, with double-digit year-to-date gains for all the major indices, including those that track small stocks and international stocks. Bond returns lagged stock returns but nonetheless were positive as a somewhat surprising reversal in interest rates boosted bond prices.

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Medley & Brown Commentary

Thursday, 02 January 2020

Questioning 2020 Stock Market Forecasts

Tim Medley

         In Sunday’s, December 29th issue of the New York Times, economics columnist Jeff Sommer discusses the value of 2020 stock market forecasts done by investment firms and individuals. It is that time of year. His conclusions: these forecasts are somewhere between “not as rock-solid as they appear” and “should be treated as fiction.”

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Friday, 13 December 2019

Jonathan Clements' HumbleDollar

Tim Medley

           On most Saturdays, I receive Jonathan Clements financial advisory newsletter, The HumbleDollar. In the late 1980s, Jonathan worked for Forbes magazine covering mutual funds, and on one occasion, I spent time with him in his New York office.

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Meet Our Team


Tim C. Medley

Tim Medley has been in the investment business since 1967, founded the predecessor to our firm in 1988, and was the first person in the State of Mississippi to be awarded the CFP® certification.

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Eddie Carlisle

Eddie Carlisle, CFP® joined Medley & Brown, LLC, in May 2006, having previously practiced law for five years at Watkins & Eager, PLLC.

Eddie serves as the firm's Chief Compliance Officer.

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Doug Muenzenmay

Doug Muenzenmay, CFA, CFP® joined Medley & Brown, LLC, in April 2010. Doug has 24 years of capital markets experience including portfolio management for individuals, institutions and endowments.

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Julius Ridgway

Julius Ridgway, CFA joined Medley & Brown, LLC, in July 2002. He has over 15 years of direct investment experience, and spent the previous ten years involved in various aspects of financial services, banking and real estate.

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Meet the rest of the team

Quotes & Commentary

In recent years, the sensible course for us to follow has been clear: Many stocks have offered far more for our money than we could obtain by purchasing businesses in their entirety. That disparity led us to buy about $43 billion of marketable equities last year, while selling only $19 billion. Charlie and I believe the companies in which we invested offered excellent value, far exceeding that available in takeover transactions.

Warren Buffett - 2018 Berkshire Hathaway Annual Letter to Shareholders

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